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Want a mortgage rate prediction for the next week? The polish is off the PIIGS, so to speak. Here's what it means for mortgage rates.
Zero-cost mortgages are terrific in a falling interest rate environment, like the one we're in now. They eliminate sunk costs completely and offer an immediate refinance payback.
Want a mortgage rate prediction for the next week? I participate in the weekly Bankrate.com Mortgage Rate Trend Index survey. This week's results may have your answers.
Need a mortgage rate prediction? I participate in the Bankrate.com Mortgage Rate Trend Index. This week's survey tells you whether to lock or float your rate.
Looking for a mortgage rate prediction? I am a voting member in the Bankrate.com Mortgage Rate Trend Index. This week's survey should give you good guidance.
As I told Bankrate.com this week : "Middle East unrest trumps inflation this week. And that's saying something." There's a small window to lock a low rate. Don't miss it.
Mortgage markets are made on Wall Street, Wall Street is made of people, and people carry cognitive bias. It's one reason why mortgage rates aren't likely to fall for quite some time.
Every now and again -- like what we're seeing this week in Egypt -- world events unleash uncertainty into the global investor psyche. Uncertainty is equal to risk and mortgage bonds gain on the news. Rates are falling this week, but don't look for it to last.
There's two ways to play this market. You can (1) lock your mortgage rate now, or (2) wait to see if rates will start to fall again. The better course is the former. Rates won't fall long-term.
Stop waiting for rates to "come back". Stop thinking the markets "are due". Stop thinking you have a day "to think it over". They won't, they're not, and you don't. What we're living through right now is the natural correction that follows a historic, 7-month rally.
I can't help but think that the market looks a lot like May 2009. Inflation fears took rates up 1.125% in 10 days back then.
Last week was especially brutal on rate shoppers. Mortgage pricing worsened by 100 basis points, adding 0.25 percent to rates. This week should be similarly bad.
Despite this ongoing, 6-month rally in mortgage rates, there wasn't a single week in which the Bankrate.com mortgage "experts" predicted mortgage rates to fall. Here's how to cope.
There's no penalty for refinancing twice (or thrice!) so take the bird-in-hand. Refinance now. And then, if the market affords it, refinance again later. Rates are dropping, but they're primed to reverse quickly.
Today, rates are 1 percent lower as compared to April.
"QE2" is the new buzzword in mortgage markets. It should extend this 23-week long Refi Boom, and increase the number of Double Dippers nationwide.
Just when you thought the Refi Boom was over, the Federal Reserve steps in to give it new life.
Hopefully, you caught the signal. Last week was the bookend on the summer's long-term rally. Mortgage rates are rising now.
After 19 weeks of improvement, mortgage rates are stupid low right now. Don't miss a chance to do something about it. Especially because rates look troughed.
Mortgage rates keep dropping, but they're dropping ever so slowly. Homeowners with loans in-process can stop worrying about having locked "too soon" -- rates are essentially the same today as they've been for 2 months. And for everyone else, it means there's still more time to join the Refi Boom.
